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One More Chip Company Went Bankrupted

Due to the bottleneck of electronic industry, "chip development tide" started across the country a few years ago. All kinds of funds poured in crazily, and chip industrial parks have also been built in various places.

However, so far, few.chip factories are heard to output chips, some of them have closed down.

Since the collapse of "Huaxintong Semiconductor" in 2019, the most famous one, Wuhan Hongxin, which claims to invest nearly 100 billion yuan, has turned into an unfinished building and invested tens of billion yuan in "Nanjing Dema", with tens of billion yuan spent out, has also declared bankruptcy.

There are also Chengdu Gexin: established in 2017 and stopped working in 2020; Changsha Chuangxin: established in 2013 and auctioned in 2020; Shaanxi Kuntong Semiconductor: established in 2018 and suspended in 2020.

We wonder What on earth happened to these chip companies that once boasted high hope for?

Still, there are some more stories.. A few days ago, there was another piece of news that Shandong chip enterprise, Jinan Quanxin, with 59.8 billion yuan invested in, has stopped paying wages since April this year, and the construction of the factory building has also stopped one after another.

This is a chip enterprise that once had strong support from Jinan, Shandong Province. This enterprise also weny to Taiwan to hire technicians.

According to the report, Quanxin currently has only more than 400 employees, 180 of whom are engineers recruited from Taiwan. The average monthly salary of these Taiwanese engineers is between 50,000 yuan and 100,000 yuan.

The construction of Quanxin's plant began in 2019, when it was planned to build a chip plant that could produce 12 nanometers chips, with an annual output of 480,000 wafers and 2,400 light masks.

The factory has so far ordered a large amount of equipments, and the deposit alone has paid about 1.7 billion yuan.

According to public information, Quanxin was established at the end of January 2019. The three major shareholders are Yixin Jiji Circuit (Zhuhai) Co., Ltd., Jinan High-tech Holding Group Co., Ltd. and Jinan Industrial Development and Investment Group Co., Ltd. The last two units are all affiliated to Jinan State-owned Assets Supervision and Administration Commission.

However, the business is now facing great difficulties.

An employee of Quanxin said in an interview with the reporter, "The company is in a very difficult situation now. Since April, it has stopped paying salaries, and the company is forcing employees to leave."

The contractor in charge of plant construction also said, "This enterprise has changed the general contractor many times during the construction of